Over 69% public listed internet companies in 2018 are from tier-1 cites

2018 saw 120 internet enterprises going public at China's domestic stock exchanges and abroad. The combined valuation reached as high as US$1.17 trillion. 48 of them went public in the U.S. 69.2% were from the first-tier cities and 13.3% were e-commerce enterprises.

In China, a total of 120 internet enterprises went public as of December in 2018, 17.6% more than a year ago. They were collectively worth 7.89 trillion yuan (US$1.17 trillion). Internet enterprises refer to those being li...